The company's total customers fell around 0.7% versus the first quarter to 3.2 million and dropped 1.8% y/y in the second quarter. Cablevision lost around 28,000 video customers in the quarter.

The Bethpage, New York-based company posted a quarterly profit of $94.2 million, or $0.35 per share, versus a year-ago profit of $135.4 million, or $0.51 per share. The year-ago results included income from discontinued operations of $0.41 per share. Its earnings from continuing operations surged to $0.34 per share from $0.11 per share.

Its revenue rose 3.7% to $1.63 billion. However, analysts were projecting a profit of $0.17 per share on revenue of $1.6 billion.